Financial Advisor Fraud Archives – Page 334 Of 540

Cody Moran from Bankers Life Accused of Misleading Client in Annuity Sale

In a recent development that has sent shockwaves through the investment community, Bankers Life and Casualty Company (BLC), an affiliated insurance company of Bankers Life Securities, Inc. (BLS), has been accused of taking advantage of a client in the sale of multiple Premium Bonus Index Annuities (PBIA) between February 2021 and October 2022. The allegation, […]

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Former Thrivent Broker Amanda Yates Faces Misrepresentation Allegation Impacting Investors

Amanda Yates, a former broker with Thrivent Investment Management Inc., is facing a serious allegation from a client who claims that an annuity purchased in June 2020 was misrepresented, and the surrender schedule was not disclosed. This case, which was denied on February 27, 2024, has significant implications for investors who may have been affected

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FINRA Fines Mary Beslagic Broker For Reg BI Violation At Edward Jones

Mary C. Beslagic, a broker at Edward Jones, faced penalties from FINRA for not following Reg BI rules. In March 2022, she suggested putting $220,000 from a home equity loan into long-term mutual funds. This advice did not fit the client’s plan to use the money soon for buying and fixing up a house. Not

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Brooklynn Chandler Willy Arrested For Investment Fraud

Fraud can hit hard and leave victims struggling. The arrest of Brooklynn Chandler Willy for investment fraud complaints stands as a bold reminder of this harsh reality. It shocks many that someone tasked with guiding their financial future could allegedly betray that trust. This article sheds light on how even seasoned investors can fall prey

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LPL Financial and Ismael Reyes Retana under Investigation by Haselkorn & Thibaut

LPL Financial LLC and one of its registered representatives, Ismael Reyes Retana, are currently under investigation by Haselkorn & Thibaut, a national investment fraud law firm, following a serious allegation of failure to explain the credit risk associated with a fixed allocation in an annuity product. The customer dispute, filed on February 27, 2024, and

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